Ethereum's Core Narrative Faces Challenges, Says CryptoQuant CEO

According to BlockBeats, on January 23, CryptoQuant CEO Ki Young Ju expressed on X that Ethereum has lost its core narrative. He stated that it is no longer considered "ultrasound money," the hub for killer decentralized applications, or a developer-centric blockchain. Ju emphasized that only market-driven narratives can unite the crypto community, suggesting that without these narratives, promotion is meaningless. He noted that this is something Vitalik Buterin seems unaware of.